Archive for the ‘Chart School’ Category

Is Crude Oil Sending a Bearish Message to the Stock Market?

Courtesy of Chris Kimble.

Crude Oil (NYSEARCA: USO) and the S&P 500 Index (INDEXSP: .INX) have peaked and bottomed together several times in the past 9 months. See points (1) and (2) on the chart above.

In summary, the correlation between Oil and the stock market has been quite interesting and demands investors attention.

Crude Oil has been creating lower highs of late and is breaking price support at (3).

If the correlation remains the same, Crude Oil may very well be sending a bearish message to stocks.

Tricky spot for active investors – careful here.

This article was first written for See It Markets.com. To see the original post CLICK HERE

To become a member of Kimble Charting Solutions, click here.





Doc Copper Is Pushing Higher Off 18-Year Rising Support, Says Joe Friday

Courtesy of Chris Kimble.

Gold & Silver have been hot of late! Is Doc Copper about to do the same? Possible says Joe Friday.

This chart looks at Copper Futures over the past 27-years. Copper has spent the majority of that time inside of rising channel (1).

The decline over the past year has Doc Copper testing 18-year rising support and lows of the past 8-months at (2).

Joe Friday Just The Facts Ma’am- Copper is attempting to rally off of long-term support at (3). As Copper is testing the bottom of this support channel, smart money hedgers are making a big bet that Copper will rally!

If you would like to have Power of the Pattern analysis on Gold, Silver, Copper and the miners, you would benefit from being a Metals Member.

To become a member of Kimble Charting Solutions, click here.





RTT Plus Chart Book (Sneak Peak)

Courtesy of Read the Ticker.

rtt-plus-chart-book-sneak-peakThe magic of support and resistance channel lines and how they direct price. Here are some chart disclosed to members via the RTT Plus service. All charts are a few weeks old. 

XAU bound by parallel channel lines.

Click for popup. Clear your browser cache if image is not showing.
HUI Index

Newmont Mining support from Gann Angles.

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NEM gann

US Dollar index (DXY) dominate cycle (RTTHurstCycles) with a customary momentum tool.

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DXY

Here is an interesting chart, Dow Jones 1925 to 1943 with the performance of gold. Of course a gold standard existed back then, and not a debt standard as we have today, gold may do much better during a extended debt crisis.

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Dow and Gold


Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

..“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be.  The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction.”..

Jesse Livermore

..”Stock market bubbles don’t


continue reading





Silver ETF (SLV) Testing Dual Breakout Resistance

Courtesy of Chris Kimble.

Silver (NYSEARCA: SLV) has been in a bit of a slumber when compared to the price action for Gold (NYSEARCA: GLD).

Precious metals bulls hope that this about to change, as bullish action from Silver is necessary to confirm any bull market / move in metals.

Today’s chart takes a closer look at the Silver ETF (SLV) on a weekly basis. As you can see, Silver is up 5 percent this week alone.

This is good news for metals bulls. But this rally isn’t confirming a breakout just yet.

As you can see in the chart below, SLV has been trading between support (1) and resistance (2) for the past year. And the latest rally has taken the Silver ETF up toward a test of dual resistance near the 15.15 price level at point (3).

If SLV breaks above (3), it could rally to the 16.25 level rather quickly.

15.15 looks to be a very important price for SLV! Stay tuned!

This article was first written for See It Markets.com. To see original post CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





Aussie Dollar About To Send Bullish Message To Precious Metals?

Courtesy of Chris Kimble.

The Australian Dollar and its ETF (NYSEARCA: FXA) have traded sideways for much of the past 4 years (see blue shaded area on chart above).

And since the Aussie Dollar and precious metals are highly correlated, this hasn’t helped gold and silver.

But this setup may be changing soon as a big test comes into play for the AU$.

It is currently testing falling resistance on a bullish falling wedge pattern.

If it succeeds in breaking out at (1), it will send metals and commodities a short-term bullish message. Stay tuned!

This article was first written for See It Markets.com.  To see the original post CLICK HERE

To become a member of Kimble Charting Solutions, click here.





U.S. & Euro Financials Lagging Big Time! Should Stock Bulls Be Concerned?

Courtesy of Chris Kimble.

Historically its been positive to see Financials doing well at the same time the broad market is pushing higher! If financial stocks are lagging bit time, should stock bulls be concerned?

This chart compares banks and in the U.S. (XLF) & Europe (EUFN) to the S&P 500 over the past 18-months.

Currently, XLF is lagging the S&P by more than 11% and EUFN is lagging the S&P by over 33%, since January of 2018.

In 2007 & 2014 the S&P 500 was hitting all-time highs and banks were lagging for well over a year. Both of these times the S&P ended up declining in value.

History would suggest that these spreads will narrow in the near future. Stock bulls hope that banks play a game of “upside catch-up!” If the do, they will send a very positive message to the broad markets.

Stock bulls hope this doesn’t happen; The S&P plays a game of “downside catch-up” with the banks!

Keep a close eye these large spreads going forward, as they will most likely send an important message to the broad markets!

To become a member of Kimble Charting Solutions, click here.





Silver/Gold Ratio Making A Bullish Reversal?

Courtesy of Chris Kimble.

Silver (NYSEARCA: SLV) is an important cog in the precious metals world. Not only is it a core precious metal but it is often a leading indicator for metals bulls.

Silver is a good risk-on / risk-off indicator. When it is out-performing Gold, it is risk-on. When it is under-performing, it is risk-off. It’s been the latter for the better part of the past 8 years.

And when the trend remains down, which historically means that metals rallies will be sold.

The Silver/Gold ratio has fallen to new 25 year lows and is testing long-term support at (1). Will it hold and reverse higher here?

It is still early in the month, but so far so good. It’s possible the Silver/Gold ratio is creating a bullish reversal pattern at support. Metals bulls sure hope so.

This article was first written for See It Markets.com. To see original post please CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





Gold Rally Reaches Crossroads, May Need A Recharge

Courtesy of Chris Kimble.

Gold bulls spend much of early 2019 waiting for a catalyst to fuel another rally leg. They wouldn’t have to wait long…

A stealth shift in talking points and monetary policy from the Federal Reserve brought a very dovish tone.

And this sent interest rates lower, along with the US Dollar.

And when the Dollar goes lower, Gold enjoys the tailwind. Gold rallied over 10 percent from mid-May to early July!

In today’s chart, we highlight this shift by looking at the Gold / US Dollar Ratio. BUT, the rally may be a case of too far too fast.

The GOLD/DOLLAR ratio hit resistance two weeks ago and created a bearish reversal pattern at (1). This comes as momentum hits extreme levels (2).

Precious metals bulls do not want to see the ratio peak here. Stay tuned!

This article was first written for See It Markets.com. To see the original post click HERE

To become a member of Kimble Charting Solutions, click here.





Interest Rates Hitting Short-Term Lows/Bonds Peaking?

Courtesy of Chris Kimble.

Will the Fed lower interest rates today? They could if they follow the yield on the 10-year note over the past 32-weeks!

This chart reflects that the yield on the 10-year note (TNX) has declined 31% in the past 32-weeks. This decline has yields testing 2017 lows while it tests the bottom of a steep falling channel.

Over the past 15-years when rates have declined over 30% in 32-weeks, rates were actually closer to short-term lows than highs. Will it be different this time?

If yields would happen to be hitting short-term lows on this Fed decision day, they would be suggesting that bonds are near short-term highs.

How TNX handles the support test at the 2.05% level will send an important message about the state of the economy. Keep an eye on this important level over the next few weeks!

To become a member of Kimble Charting Solutions, click here.





Gold Gann Angle Update

Courtesy of Read the Ticker.

gold-gann-angle-updateCharts show us the golden brick road to high prices.



GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how?



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Gold Gann




The GLD very wide channel shows us the way.

- Conservative: Tag the 10 year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.

- Aggressive: Tag the 5 year rally starting in 1976 to 2019  and it forecasts $750 GLD (or $7500 USD Gold Futures) in 5 years.



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Gold Channel




GLD cycle.



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Gold Cycle




Jim Sinclair talks a gold target of $87,000 USD. This makes our target of $7,500 USD look silly.










The next 6 months should be very interesting.












Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.




NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



…“Losing money is the least of my troubles.  A loss never troubles me after I take it.  I forget it overnight.  But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.”…



Jesse Livermore





..”October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”..



Mark Twain





..”It’s easier to fool people, than to convince them they have been fooled”..



Mark Twain





..”The first rule is not to lose. The second rule is not to forget the first rule”



Warren Buffett





..”it is better to have few stocks and to watch them carefully”…



Bernard Burach











 
 
 

Phil's Favorites

Boris Johnson: populists now run the show, but what exactly are they offering?

 

Boris Johnson: populists now run the show, but what exactly are they offering?

Move aside. Shutterstock

Courtesy of Richard Carr, Anglia Ruskin University

According to the Conservative member of parliament for Witham, ...



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Zero Hedge

Russian And South Korean Fighter Jets Face Off In "Mid-Air Confrontation"

Courtesy of ZeroHedge. View original post here.

For the first time since the fall of the Soviet Union, Russian jets flying through South Korean airspace provoked the South Korean military into a "midair confrontation" that involved firing hundreds of warning shots. All told, South Korean jets fired 360 machine-gun rounds and at least 20 flares, Bloomberg reports.

Three Russian military planes (two Tu-95 bombers and one A-50 airborne early warning and control aircraf...



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Insider Scoop

The Daily Biotech Pulse: Acadia Schizophrenia Drug Fails, Viveve Plummets, Eisai Gets Breakthrough Therapy Designation

Courtesy of Benzinga.

Here's a roundup of top developments in the biotech space over the last 24 hours.

Scaling The Peaks

(Biotech stocks hitting 52-week highs on July 22)

  • Acasti Pharma Inc (NASDAQ: ACST)
  • Apellis Pharmaceuticals Inc (NASDAQ: APLS)
  • Arcturus...


http://www.insidercow.com/ more from Insider

Kimble Charting Solutions

Is Crude Oil Sending a Bearish Message to the Stock Market?

Courtesy of Chris Kimble.

Crude Oil (NYSEARCA: USO) and the S&P 500 Index (INDEXSP: .INX) have peaked and bottomed together several times in the past 9 months. See points (1) and (2) on the chart above.

In summary, the correlation between Oil and the stock market has been quite interesting and demands investors attention.

Crude Oil has been creating lower highs of late and is breaking price support at (3).

If the correlation remains the same, Crude Oil may very well be sending a bearish message to stocks.

Tricky spot for active investors – careful here.

...

more from Kimble C.S.

Chart School

RTT Plus Chart Book (Sneak Peak)

Courtesy of Read the Ticker.

The magic of support and resistance channel lines and how they direct price. Here are some chart disclosed to members via the RTT Plus service. All charts are a few weeks old. 


XAU bound by parallel channel lines.


Click for popup. Clear your browser cache if image is not showing.



Newmont Mining support from Gann Angles.



Click for popup. Clear your browser cache if image is not showing.



US Dollar index (DXY) dominate cycle ...

more from Chart School

Digital Currencies

Cryptos Suddenly Panic-Bid, Bitcoin Back Above $10k

Courtesy of ZeroHedge. View original post here.

Following further selling pressure overnight, someone (or more than one) has decided to buy-the-dip in cryptos this morning, sending Bitcoin (and most of the altcoins) soaring...

A sea of green...

Source: Coin360

Bitcoin surged back above $10,000...

Ethereum bounced off suppo...



more from Bitcoin

Biotech

DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?

Reminder: We're is available to chat with Members, comments are found below each post.

 

DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/Shutterstock.com

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, ...



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ValueWalk

Professor Shubha Ghosh On The Current State Of Gene Editing

 

Professor Shubha Ghosh On The Current State Of Gene Editing

Courtesy of Jacob Wolinsky, ValueWalk

ValueWalk’s Q&A session with Professor Shubha Ghosh, a professor of law and the director of the Syracuse Intellectual Property Law Institute. In this interview, Professor Ghosh discusses his background, the Human Genome Project, the current state of gene editing, 3D printing for organ operations, and gene editing regulation.

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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